$BCH /USDT SHORT TRADE SIGNAL 🚨

Technical Analysis:

$BCH /USDT is showing bearish pressure after failing to sustain above the 24h high of 562.6 USDT. Current price is 521.1 USDT, hovering near support at 515.3 USDT. Momentum indicators suggest sellers are dominating, increasing the probability of further downside.

Trade Setup:

Entry: 521 USDT (current market price)

Target 1 (TP1): 498 USDT

Target 2 (TP2): 469 USDT

Stop Loss (SL): 535 USDT

Short-Term Outlook:

Market sentiment remains bearish; expect potential retests of lower support zones if selling pressure continues. Watch for rebounds at strong support levels for possible short covering.

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BCH

514.4

-7.63%